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Agriculture Wholesale Company Seeking Loan in Cotonou, Benin

Agro-product wholesale company that procures and sells local agricultural products to rest of the world.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 1.57 million
Run Rate Sales USD 1.04 million
EBITDA Margin 20 %
Industries Agriculture Wholesale
Locations  Cotonou
Local Time 7:06 AM Africa / Porto-Novo
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 345 thousand for 15.0% annual interest, 3 years (Native Currency: XOF 200,000,000)
Reason: Funds will be used to respond to the increasing demand of our products.
Collateral Available: USD 104 thousand
Includes physical assets worth USD 69 thousand
Interested to connect with advisors
Documents
Business Overview
- Company buys agricultural products from local farmers and exports it to clients in India, China and Vietnam.
- We buy the agro-products from 2 farmer's associations and also from a few farmers directly. After buying, we dry, clean and pack it at our warehouse before shipping it through ports.
- Have 8 clients in India, 2 in China and 1 in Vietnam. All these clients are regular customers.
- Inversely to other players in the market, we provide end to end services i. e. procure from farmers and supply it to international clients.
- Our products have high demand in the market and we ensure highest level of quality.
- We have a strong sales & marketing team who finds new buyer / customers every day.
- Depending on the season, we can procure products at a much cheaper rate from farmers and put a 200% mark-up at the time of sale.
- In addition to procuring products from farmers, we also grow a few agro-products at our 10 hectare land. We plan to increase the size to 50 hectare in next 2 years.
- Promoter of the company has over 12 years of experience in international trade and logistics industry.
- We have 10 permanent employees and hire 10 to 30 temporary workers on a regular basis.
- Company intends to employ more women staff i. e. up to 2/3 of total staff as soon as we receive funds.
- Our vision is to become one of the best agro-product suppliers in West Africa.
- Our run rate sales have dropped due to COVID-19.
Products & Services Overview
Raw cashew nut, soya bean, cotton seed, cotton seed meal, cotton seed oil cake, cotton seed hull, sesame seed, corn, read palm oil, red & white bean, coconut, ginger, hibiscus flower.
Assets Overview
10 computers, 12 desks & chairs, 4 air conditioners, 4 telephones, 2 weighing scales, 4 fans, 1 car and 2 motorcycle.
Facilities Overview
- Rented warehouse of 150 sq mt. It is located in Akpakpa, Cotonou.
- Our office is inside a 2-floors building but we rent only 1 floor. It is located in Vedoko, Cotonou.
- Leased agricultural land of 10 hectare in Savè, Benin.
Capitalization Overview
Not Disclosed
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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